Top 10 Common Repair Costs

Top 10 Common Repair Costs

In the life of every home, repairs happen. Here are the top 10 most common repairs that, sooner or later, your house will require.

Congratulations on buying your first house. Now, you have to learn how to keep it in good repair. To be safe, you should set aside money every year — 1% to 3% of your home’s purchase price — for repairs and maintenance.

The good news is that most repairs are simple, inexpensive, and DIY-friendly. If you can fix stuff yourself, you’ll only pay for the cost of materials and save a bundle on these common repairs and replacements.

1.  Replace Toilet Fill Valves

That annoying sound of water continually filling and draining from your toilet tank is often caused by leaky fill valve, which a plumber can replace, stopping water waste and restoring quiet. Plumber rates vary widely around the country, from $45 to $150 per hour, and the job will take about two hours — the minimum some plumbers require just to take the job.

Labor: $50 to $200

Materials: $11 to $23

Total: $61 to $223

Related: Home Maintenance 101: 7 Things Every Homeowner Should Know

2.  Repair a Leaky Faucet

The water torture drip-drip-drip from a leaky faucet won’t just drive you insane, it can drive up water bills, too. Depending on the type of faucet you have, fixes typically involve replacing damaged rubber washers (10 for $2), O-rings (10 for $2), or a faucet cartridge ($8 to $30).

Labor: $95 to $300

Materials: $2 to $30

Total: $97 to $330

Related: The WaterSense Label: What to Look For

3.  Replace Ceiling Fan

If you’ve got a ceiling fan, sooner or later the motor will burn out, the blades will warp, and fashions will change, so you’ll need to replace it. Replacing isn’t a big deal, because upgraded wiring, a reinforced ceiling box, and a light switch with ceiling fan controls are already in place. What you’re paying for is an electrician’s time — one or two hours — and a new fixture.

Labor: $50 to $200 

Materials: $54 to $1,000 and up

Total: $104 to $1,200

Related: Ceiling Fans: Know the Spin Before You Install

4.  Repair Drywall

Nicks, gashes, and smashes inevitably mar your beautiful walls. You’ll have to patch and paint to make them look as good as new. A painter can do both jobs and will probably give you a flat rate that will include patching or filling blemishes, then sanding, priming, and painting. 

Painters charge $25 to $62 per hour for labor or $2.68 to $4.60 per square foot including materials. Figure it will take about three hours to repair a wall, including drying time for the patching compound and paint. It’s a good idea to save up painting chores so you have enough to keep a painter busy while repairs cure. 

Materials include paint at $12 to $50 or more a gallon, which should cover about 350 square feet; plus another $10 to $50 for brushes, rollers, drop clothes, and drywall patching compound.

Labor: $75 to $186

Materials: $22 to $100

Total: $97 to $286

Related: Patch a Drywall Hole

5.  Repair Cracked Tile

Tile is hard and durable, but drop something heavy on it and it’s likely to crack — a reason to always order more tile than you need so you’ll always have spares. To replace cracked tiles, a handyman must pry out the damaged tiles, scrape away old fixative, re-glue new tiles, and spread new grout. Replacing a 2-foot-by-2-foot section of tile should take one to two hours, not including the drying time required for the adhesive to set.

Labor: $30 to $125 per hour; with possible $150 to $350 minimum charge for a handyman

Materials: $1 to $20 per square foot

Total: $34 to $430

Related: Smart Tips for Choosing Bathroom Flooring

6.  Replace Caulk Around Tubs, Sinks, and Showers

Caulk is the waterproof seal around sinks, tubs, and showers that prevents moisture from seeping through gaps and onto drywall and flooring. When caulk cracks or peels, it should be replaced immediately to prevent mold and rot.

A handyman can dig out old caulk around a tub and reseal with new in about an hour. 

Labor: $30 to $125 per hour; with possible $150 to $350 minimum charge for a handyman 

Materials:  $1 to $4 for a tube of bathroom caulk

Total: $31 to $354

Related: How to Remove Caulk

7.  Fix Gutters

Gutters and downspouts carry water from rain and snow away from your house and onto the ground. Sometimes the weight of wet snow and soggy leaves puts too much pressure on gutters, causing them to pull away from the house or pitch at inefficient angles. 

A gutter contractor will clean gutters, and replace or reinstall supportive hardware and hangers. To restore the correct pitch, the contractor must detach and reattach each gutter section.

Labor: $127 to $282 (depending on length of gutter)

Materials: $10 for five hangers; $6 to $9 for gutter sealant

Total: $143 to $301

Related: How to Unclog a Gutter

8.  Fix Out-of-Alignment Doors

Over time, your house moves as its foundation settles and building materials expand and contract with changes in humidity. The movement often is noticed when doorframes shift slightly, causing hinges to creak and doors to not shut properly. 

Adding wooden shims to frames and hinges can bring doors back into alignment and let them easily open and close once again. Replacing worn-out screws with longer screws helps secure hinges tightly.

A handyman can fix a door in about an hour. Materials will include shims and screws.

Labor: $30 to $125 per hour; with possible $150 to $350 minimum charge for a handyman

Materials: $5

Total: $35 to $355

Related: Cool Improvements: Replacing Your Interior Doors

9.  Repair Ice Damming

If your house isn’t insulated correctly or your roof isn’t designed correctly, melting roof snow can run off and freeze around roof edges. Eventually, this can form an ice dam that creeps up your roof, damaging shingles and forcing melting water into your home.

One popular solution to ice damming is to install a heating cable along the roof’s edge, which warms the area and prevents freezing. It’s not a DIY job. Roofing contractors will install the cable, and an electrician will install outlets that will juice up the cable. If you want a thermostat to turn the cable on and off automatically, that’ll be extra, too. 

Labor and materials: $30 to $60 per linear foot

Total: $371 to $1,319 (average job cost)

Related: How to Prevent Ice Dams

10.  Fix a Faulty Light Switch

Sometimes you turn on the light but nothing happens; or sparks crackle, and the light turns on. It’s disconcerting, but most likely it’s an easy fix. An electrician will turn off the power, take off the faceplate, check and perhaps tighten wires; or replace the switch. All told, it will take less than an hour.

Labor: $50 to $100 per hour

Materials: $1 to $6 for a single pole light switch

Total: $41 to $106

 

 

By: Lisa Kaplan Gordon:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

 

9 Things You’ve Got Wrong About Green Homes

9 Things You’ve Got Wrong About Green Homes

Although most folks know green homes pack plenty of eco-friendly benefits, there are some pesky misconceptions that need correcting. Here are 9 myths busted.

1.  Myth: Green Homes are Expensive

Fact:
 Eco-friendly homes come in different types, sizes, and price tags, from a green-minded prefab that can cost less than $150,000 to an eco-urban condo for $690,000 or more. The big difference is in resale value: Eco-friendly homes fetch higher prices compared with conventionally built homes.

2.  Myth: Green Homes Look Kooky

Fact: Not all green homes look like grass-roofed hobbit holes or extra-crunchy Earthships. That’s old school. Eco-friendly abodes being built today can look just like traditional houses — except they may have solar panels or small wind turbines.

3.  Myth: Green Homes are a “California Thing”

Fact: California has the strictest environmental laws in the country, so it would make sense to think green homes are a hot property in the Golden State. But when you add up the number of houses that were certified in 2012 by Energy Star for their energy savings and eco-friendly benefits, Texas is a green home leader, with more than three times the number of Energy Star-certified homes than California.

Energy Star-Certified Homes
California 6,173
Texas 21,351

Plus, both Delaware and Maryland have a higher penetration of Energy Star homes. Both have 40% compared with California’s 23%. (Texas is 27%.)

4.  Myth: Green Homes Use Only Non-Toxic Materials

Fact: Not always. Spray polyurethane foam is a petroleum-based product that’s a controversial green building favorite. Although it’s considered an energy-saving rock star because it creates a tight seal and has a high R-value (insulation), the off-gassing it creates during and shortly after installation can cause serious respiratory issues. The EPA still supports its use, but the Passive House Institute U.S. won’t certify homes insulated with the material because it contributes to global warming.

5.  Myth: Green Homes Require Newfangled Technologies

Fact: Green homes aren’t about gizmos and gadgets. They’re about better construction methods that boost energy efficiency and promote healthy indoor environments. With that said, developing eco-friendly home habits like unplugging vampire devices or mastering how to program a digital thermostat can help to further shrink your home’s carbon footprint.

6.  Myth: Green Homes Need Exotic New Building Materials 

Fact: Nope! New building materials have a negative impact on the planet because they produce greenhouse gases during both manufacturing and shipping. That’s why locally salvaged flooring is considered greener than the bamboo stuff that’s harvested from a sustainable source thousands of miles away. 

7.  Myth: Green Homes Need New Energy-Efficient Appliances

Fact: It’s not very green to trash appliances in good working condition, even if they’re not rated for energy efficiency, according to the EPA. With proper maintenance major appliances, such as refrigerators and washing machines, can be useful for 10 to 18 years. 

8.  Myth: Green Homes are Needed More in Urban Areas

Fact: In actuality, rural and suburban homes are the ones that need some serious greening. Thanks to walkability, people who live in high-density cities have a smaller carbon footprint since they burn fewer fossil fuels. Bonus: Walkability can actually increase your home’s value.

9.  Myth: Existing Homes Can’t Be Green

Fact: False! Retrofitting an existing home is much greener than building a new one, according to a study by the National Trust for Historic Preservation. New green homes take 10 to 80 years to overcome the negative environmental affects of the construction process. Since remodeling older homes requires fewer building materials, retrofitting can leave a much smaller carbon footprint.

 

By: Deirdre Sullivan:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

See Why Saltwater Pools Can Be So Much Better Than Traditional Pools

See Why Saltwater Pools Can Be So Much Better Than Traditional Pools

Published: August 4, 2014

Safe, low-odor saltwater pools are gaining in popularity. Could you have saltwater in your future?

If you hate the stink and sting of chlorine, you’ll love saltwater pools.

Once primarily a perk in health spas and resorts, saltwater pools have now become popular among U.S. homeowners. Today, about 30% of all U.S. in-ground pools are saltwater.

“They’ve literally exploded in popularity in the last decade,” says Erika Taylor of “Pool and Spa News.” “It really does make a difference in the way the water feels on your skin. Nothing feels as good as jumping into a saltwater pool.”

How Saltwater Pools Work

Freshwater pools depend on store-bought chlorine to disinfect water and keep it free of algae, bacteria, and other health-harming organisms.

Saltwater pools rely on an electrolytic chlorine generator (ECG). The generator separates the salt in the pool water into its two primary elements, one of which is chlorine. The chlorine is then circulated into the pool to sanitize and disinfect the water.

The big advantage is that the process doesn’t produce chloramines, an irritating byproduct of the store-bought chlorine traditionally used to disinfect pools. It’s the chloramines that give swimming pools that “chlorine smell” and sting eyes.

Related: Swimming Pools: Alternatives to Chlorine

How Salty Are Saltwater Pools?

Saltwater pools aren’t salty like the ocean, says Ray Denkewicz of Hayward Pool Products, a manufacturer of salt chlorination machines. Seawater has concentrations of salt of about 35,000 parts per million (ppm).

Saltwater pools have much lower salt concentrations of 3,000 to 5,000 ppm — about the saltiness of a teardrop. Pool saltwater closely resembles the water that naturally bathes eyes and therefore, doesn’t irritate them.

Saltwater Pool Benefits

Debbi Welch, who owned freshwater pools for 20 years, switched to saltwater nine years ago and says she’ll never switch back.

“It’s unbelievable how much easier it is to manage a saltwater pool,” says Welch.

Low maintenance: Add a few hundred pounds of salt when you open the pool for the season, swish it around to dissolve, then turn on the generator and let it do its thing. No measuring, testing, or continuously dumping more commercial chlorine into the water — although you may have to add more salt during the season. Welch dumped 500 pounds of salt into her 36,000 gallon pool outside Knoxville, Tenn., in late April, then added another 40 pounds in July.

Low annual costs: A salt chlorination generator makes chlorine at about $1 per pound, while off-the-shelf pool chlorine sells for $2 to $4 per pound. Welch says she used to spend about $800 per year to chlorinate her freshwater pool, but only $150 per year to chlorinate her saltwater pool.

Constant chlorine levels: ECGs automatically keep chlorine levels constant, which eliminates frequent testing for chlorine levels, and the need to buy, transport, and add chlorine.

Feels great: Swimmers in saltwater pools say the water feels silky and doesn’t sting eyes or discolor hair like the water in freshwater pools can.

Saltwater Pool Drawbacks

Saltwater pools aren’t perfect, or perfect for every pool owner.

High startup costs: The top expense is the ECG, which ranges from $600 to $1,200, plus another $150 for installation.

Cell replacement costs: Salt cells inside the ECG should be replaced periodically: sooner (4 to 5 years) if you use your pool year-round; later (maybe 10 years) if your pool season is only a few months a year. A cell costs $200 to $600.

Salt corrodes: Saltwater can corrode anything in or around your pool that contains metal, like lights, heaters, screws, diving board attachments, and patio furniture.

Salt stains: Saltwater splashing on soft stone on pool coping and decks can leave stains and pockmarks. Apply a sealant to solve this problem.

Related: Think Natural Swimming Pools are Icky? Think Again

 

By: Lisa Kaplan Gordon:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

Are You Ready for Glow-in-the-Dark Trees?

Are You Ready for Glow-in-the-Dark Trees?

 

Published: April 16, 2014

They’re no longer science fiction. A team of California biologists has already created glowing plants, and now they’re working on glowing trees.

We’re big proponents of trees as energy savers — they create shade and wind breaks for your home. So how would you like a tree that actually illuminates your landscaping at night for free?

Glow-in-the-dark trees are more than a glimmer now that a California biologist, Antony Evans, and his colleagues have inserted genes from bioluminescent bacteria into plants. They’ve found that the bioengineered flora grows and glows. It’s the first step to growing glowing trees that can light streets and your front yard, and save energy.

Backers loved the idea of glow-in-the-dark plants. Evans had hoped to raise $65,000 through a Kickstarter campaign. But the Kickstarters pledged over $484,000.

What does this mean to homeowners who want to substitute a glowing tree or rosebush for their porch light? Nothing, yet. Trees take a long time to grow and to demonstrate which bioengineering techniques work and which fizzle. So don’t expect a glowing elm anytime soon.

 

By: Lisa Kaplan Gordon:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

5 Good Reasons to Amend Your Tax Return — and How

5 Good Reasons to Amend Your Tax Return — and How

Published: January 9, 2015

Missed tax deduction? Overlooked tax credit? Get what’s coming to you by amending your return.

Your home is a great source of tax savings if you know what qualifies and don’t forget to claim deductions and credits. If you missed any of these five, you can go back in time — roughly two to three years — by amending your tax return. (Read more nitpicky details in How to Amend Your Tax Return.)

1. Home Office Deduction

If your home is your principal place of business, you can take a standard deduction or deduct a percentage of eligible home expenses like:

  • Utilities
  • Mortgage interest for the proportion of the house used as your office
  • Home repairs and maintenance

Forms you’ll need to file an amendment:

  • 1040X
  • Form 8829 and Schedule A (if you’re employed by someone else) for the year you’re amending
  • Schedule C (if you’re self-employed) for the year you’re amending

2. Energy Tax Credit

If you installed energy-efficiency improvements (like HVAC systems, insulation, a roof, windows) in 2012 and 2013 and didn’t take a tax credit for those upgrades, you may have missed out on up to $500.

My husband and I didn’t claim the energy tax credit for insulation we installed one year because we thought we’d get a better deal if we claimed the credit the next year when we planned to replace windows. But we never got around to replacing the windows. So we amended our return to claim the tax credit for the insulation and got a $500 tax credit.

If you want to amend your 2012 return, you have until 2015.

Forms you need:

  • 1040X
  • Form 5695 for the year you’re amending

Note: Unless Congress extends it, the $500 lifetime residential energy tax credit ended in 2014.

3. Home Improvement Sales Tax Deduction

If your state and local town doesn’t tax income, you can amend Schedule A to deduct state and local sales tax you paid. Say you added new siding for $10,000 and your state charged 6% in sales tax. That’s potentially a $600 deduction.

Use the IRS’s online sales tax calculator to figure out the total sales tax you can deduct. Have the receipts to prove you paid the sales taxes.

Forms you need:

  • 1040x
  • Schedule A for the year you’re amending

4. Property Tax Deduction

Get a copy of your tax bill payment from the local tax office that collects the bill. Make sure you deduct the property tax expense on your amended return for the year you paid it, which could be different than the year it was due.

Forms you need:

  • 1040x
  • Schedule A for the year you’re amending

5. Home Repair Deduction

Red alert: You can’t claim deductions for any old home repair. There are only two narrow, possible ways to claim home repairs, and it’s always best to check with a tax pro for your particular situation:

If part of your home is used for business and you aren’t taking the standard deduction for your home office. You can only claim repairs made to your home office or claim a percentage of the repairs you make to the house as a whole, like repainting or patching a roof leak. If 10% of your home is office, you can deduct 10% of the repainting or patching. If the repair is to the office itself only, then the percentage generally does not apply.

Forms you need:

  • 1040X
  • Form 8829 and Schedule A (if you’re employed by someone else) for the year you’re amending
  • Schedule C (if you’re self-employed) for the year you’re amending

For casualty losses. Calculating and deducting casualty losses (disaster, damages, robbery) is complex. Everything from your income level to how you value your property can affect overlooked deductions. Besides placing a value on your personal property, you have to subtract a number of things from that, including insurance reimbursement and a percentage of your adjusted gross income. Read IRS Publication 547 and consult a tax adviser. Note that you can claim losses from federally declared disasters either in the year they occur or, if it’s more favorable, on the preceding year’s taxes.

Forms you need:

  • 1040X
  • Form 4684 for casualty and theft for the year you’re amending
  • Schedule A for the year you’re amending

By: Reyna Gobel:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

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